A conflict of interest is a situation in which the management company in engaged in business activities which may prejudice the interests of clients if an appropriate organization is not implemented.
For Ostrum Asset Management, identifying, preventing and managing risk of conflicts of interest is achieved through the implementation of a specific organization as described in the document below.

Information for clients and potential for clients concerning fees, commissions and other benefits

The General Regulations of the Autorité des Marchés Financiers (French Finance Markets Authority) set out the rules regarding fees, commissions and other benefits ("Inducements") which may be paid or received by fund managers (such as Ostrum Asset Management) in their capacity as investment service providers, in relation to the investment services they provide.
"Inducements" are amounts which may be paid indirectly by clients for services supplied to them by an investment service provider.

For your information, Ostrum Asset Management may:
- receive Inducements from third parties :
for selling third party collective investment schemes to its clients1,
or in relation to commission sharing agreement (for investment decision making aid services and order execution services)2.

- pay Inducements to third parties:
if the third party sells Ostrum Asset Management’s collective investment schemes to its clients,
if a third party introduces clients to it,
if a third party provides advice or assistance to it.
These Inducements may be a fixed sum or a percentage of the remuneration received by Ostrum Asset Management or the third party.
Further information will be supplied on request to clients and potential clients.

1 Average management fees levied or to be levied by Ostrum Asset Management for 2016 are outlined in the table below:

2 Report on intermediation fees paid in 2014 is available on this website.